Expat Home Loan using additional income allowances
Occupation
PAYG – IT
Location
QLD (CAT 1)
Loan Amount
$464,000
LVR
80%
Property Type
Established House
Scenario
Mr M is an Australian permanent resident living and working in Saudi Arabia who wished to purchase an investment property in Brisbane. His remuneration consists of two parts: a base salary and allowances for his living and rental expenses. He was concerned that his borrowing power might be impacted due to this remuneration structure and that he would not be able to meet the servicing requirements to secure a home loan.
How did Brighten help?
Brighten Elevate is specifically designed for Australian citizens, permanent residents or temporary residents with income in AUD or any of the 20+ foreign currencies that we accept.
In addition to Mr M’s base salary, Brighten was able to accept his living and rental allowances at 100%. This allowed Mr M to borrow up to 80% LVR for his dream investment property in Queensland.
Fees, charges, lending criteria applies.